First Western Financial (NASDAQ:MYFW) Rating Lowered to “Hold” at Zacks Research

First Western Financial (NASDAQ:MYFW) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Piper Sandler lifted their target price on First Western Financial from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods raised their price target on First Western Financial from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Weiss Ratings raised shares of First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, First Western Financial presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

First Western Financial Stock Up 1.6%

MYFW opened at $31.90 on Thursday. The business has a 50 day moving average price of $28.84 and a 200 day moving average price of $26.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.05. First Western Financial has a twelve month low of $20.40 and a twelve month high of $32.32. The firm has a market cap of $310.36 million, a P/E ratio of 20.58 and a beta of 0.73.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.19. The business had revenue of $27.58 million during the quarter, compared to the consensus estimate of $27.30 million. First Western Financial had a net margin of 8.02% and a return on equity of 5.74%. Research analysts forecast that First Western Financial will post 2.44 EPS for the current year.

Insider Transactions at First Western Financial

In related news, CEO Scott C. Wylie sold 1,083 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $28.52, for a total transaction of $30,887.16. Following the completion of the transaction, the chief executive officer owned 756,729 shares in the company, valued at approximately $21,581,911.08. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.10% of the company’s stock.

Institutional Trading of First Western Financial

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of First Western Financial by 37.1% during the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after purchasing an additional 441 shares during the period. Focus Partners Wealth bought a new position in First Western Financial in the third quarter valued at approximately $49,000. JPMorgan Chase & Co. increased its stake in shares of First Western Financial by 26.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock worth $169,000 after purchasing an additional 1,555 shares during the last quarter. R Squared Ltd bought a new position in shares of First Western Financial during the 4th quarter worth approximately $208,000. Finally, Wells Fargo & Company MN increased its holdings in shares of First Western Financial by 45.2% in the fourth quarter. Wells Fargo & Company MN now owns 10,605 shares of the company’s stock valued at $284,000 after purchasing an additional 3,299 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

About First Western Financial

First Western Financial, Inc (NASDAQ: MYFW) is a Denver-based bank holding company that, through its principal subsidiary First Western Trust, delivers a suite of personalized financial services. The company’s core activities center on wealth management and trust administration for high-net-worth individuals, families and institutions. In addition, First Western Financial offers a comprehensive range of deposit products—such as checking accounts, savings accounts, money market funds and certificates of deposit—designed to meet the liquidity and income needs of its clients.

Complementing its deposit offerings, First Western Financial provides fiduciary and investment management services, including estate planning, charitable giving strategies and multi-generational wealth transfer.